Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

[Geaux4it]

The unemployment dropped drastically in December, from 7 percent to 6.7 percent, while only 74,000 jobs were created.
How does that math work?
The dropped unemployment rate is do to a decline in the labor participation rate. According to finance blog Zero Hedge, 91.8 million are no longer participating in the labor force.
From Zero Hedge:

The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.

​

Even if people are retiring and voluntarily exiting the labor force, that means these people will begin collecting Social Security and Medicare, thus adding to the economic burden of young people. The bottom line: the country is still not creating enough jobs to get the economy back on the right track.

http://rare.us/story/people-not-in-the-labor-force-skyrocketed-last-month/#sthash.TXheSQby.dpuf

Too many are on the dole...something has to give here...

And the boomers will add more burden to young people when they start drawing SS and Medicare

-Geaux

 

[edthecynic]

The unemployment dropped drastically in December, from 7 percent to 6.7 percent, while only 74,000 jobs were created.
How does that math work?
The dropped unemployment rate is do to a decline in the labor participation rate. According to finance blog Zero Hedge, 91.8 million are no longer participating in the labor force.
From Zero Hedge:

The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.

​

Even if people are retiring and voluntarily exiting the labor force, that means these people will begin collecting Social Security and Medicare, thus adding to the economic burden of young people. The bottom line: the country is still not creating enough jobs to get the economy back on the right track.

http://rare.us/story/people-not-in-the-labor-force-skyrocketed-last-month/#sthash.TXheSQby.dpuf

Too many are on the dole...something has to give here...

And the boomers will add more burden to young people when they start drawing SS and Medicare

-Geaux

The Boomers paid into SS and Medicare for 50+ years. The Right, playing the politics of division, are trying to turn the young agains the old while at the same time hypocritically condemning the politics of division.

 

[The T]

The unemployment dropped drastically in December, from 7 percent to 6.7 percent, while only 74,000 jobs were created.
How does that math work?
The dropped unemployment rate is do to a decline in the labor participation rate. According to finance blog Zero Hedge, 91.8 million are no longer participating in the labor force.
From Zero Hedge:

The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.

​

Even if people are retiring and voluntarily exiting the labor force, that means these people will begin collecting Social Security and Medicare, thus adding to the economic burden of young people. The bottom line: the country is still not creating enough jobs to get the economy back on the right track.

http://rare.us/story/people-not-in-the-labor-force-skyrocketed-last-month/#sthash.TXheSQby.dpuf

Too many are on the dole...something has to give here...

And the boomers will add more burden to young people when they start drawing SS and Medicare

-Geaux

Correct.

 

[Geaux4it]

The unemployment dropped drastically in December, from 7 percent to 6.7 percent, while only 74,000 jobs were created.
How does that math work?
The dropped unemployment rate is do to a decline in the labor participation rate. According to finance blog Zero Hedge, 91.8 million are no longer participating in the labor force.
From Zero Hedge:

The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.

​

http://rare.us/story/people-not-in-the-labor-force-skyrocketed-last-month/#sthash.TXheSQby.dpuf

Too many are on the dole...something has to give here...

And the boomers will add more burden to young people when they start drawing SS and Medicare

-Geaux

The Boomers paid into SS and Medicare for 50+ years. The Right, playing the politics of division, are trying to turn the young agains the old while at the same time hypocritically condemning the politics of division.

Your right. Both sides divide and conquer to suit their interest

-Geaux

 

[driveby]

How many retired?

How many were disabled?

How many died?

Not nearly enough to create the lowest labor participation rate since 1978. How many are newly out of college or high school and can't/won't get a job? .........

 

[driveby]

Perfect. Nutters cheer a lackluster jobs report. Well done!

Nobody is cheering it other then stupid libtards believing the big liar obamaturd.

than

Open your eyes! Your friends are happy that the latest jobs report is weak.....and sad that the last three have been strong.

You people are vomitous.

Why does it matter whether they're cheering or not? If you and your beloved democrats don't like RW'ers cheering bad job numbers, why can't these intellectual giants do something to change it and shut them up? I mean besides fudging the numbers, spying on them or sicking the IRS on them........

 

[edthecynic]

How many retired?

How many were disabled?

How many died?

Not nearly enough to create the lowest labor participation rate since 1978. How many are newly out of college or high school and can't/won't get a job? .........

Bullshit!

 

[driveby]

How many retired?

How many were disabled?

How many died?

Not nearly enough to create the lowest labor participation rate since 1978. How many are newly out of college or high school and can't/won't get a job? .........

Bullshit!

Here it is directly from the top RW nutters themselves CNN:


labor force participation at lowest level since 1978 - Sep. 6, 2013

 

[Geaux4it]

How many retired?

How many were disabled?

How many died?

Not nearly enough to create the lowest labor participation rate since 1978. How many are newly out of college or high school and can't/won't get a job? .........

Obamacare cluster layoffs and it is showing. Wait and see by March what this pile looks like

-Geaux

 

[edthecynic]

Not nearly enough to create the lowest labor participation rate since 1978. How many are newly out of college or high school and can't/won't get a job? .........

Bullshit!

Here it is directly from the top RW nutters themselves CNN"


labor force participation at lowest level since 1978 - Sep. 6, 2013

It is still pure BULLSHIT even if it comes from the Conservative News Network.

It has already been proven in this thread that the low LPR is due entirely to retiring Boomers.

 

[LoneLaugher]

How many retired?

How many were disabled?

How many died?

Not nearly enough to create the lowest labor participation rate since 1978. How many are newly out of college or high school and can't/won't get a job? .........

Obamacare cluster layoffs and it is showing. Wait and see by March what this pile looks like

-Geaux

Isn't it nice to have something to look forward to?

 

[CrusaderFrank]

Happy Days are here again!
The skies above are clear again!
So let's sing a song of cheer again!
Happy days are here again!

Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce' | The Weekly Standard

"Today’s jobs report underscores a deeper problem facing our economy: a large and growing block of people who are chronically jobless and completely outside the workforce. In December, the economy added only 74,000 jobs – not nearly enough to keep up with population growth –and 347,000 left the workforce. That means for every one job added, nearly 5 people left the workforce entirely. There are now nearly 92 million Americans outside the workforce, resulting in the lowest participation rate in 36 years. The President’s immigration plan will only make things dramatically worse – and no amount of ‘promise zones’ will be a sufficient remedy for the millions of displaced workers.​

This is how FDR turned a recession into the FDR Depression. Obama followed FDR's playbook and got the same results. Obama will be as great a Democrat President as FDR

 

[LoneLaugher]

Horrible. Just horrible!

United States Unemployment Rate | Actual Data | Forecasts | Calendar

 

[Geaux4it]

Horrible. Just horrible!

United States Unemployment Rate | Actual Data | Forecasts | Calendar

Yep-- There will be 628 jobs and all positions are filled and the UE rate will be zero

Good times

-Geaux

 

[CrusaderFrank]

Bullshit!

Here it is directly from the top RW nutters themselves CNN"


labor force participation at lowest level since 1978 - Sep. 6, 2013

It is still pure BULLSHIT even if it comes from the Conservative News Network.

It has already been proven in this thread that the low LPR is due entirely to retiring Boomers.

Yeah? Is that why they stop counting people who run out of Unemployment, because they decide to retire?

 

[driveby]

Bullshit!

Here it is directly from the top RW nutters themselves CNN"


labor force participation at lowest level since 1978 - Sep. 6, 2013

It is still pure BULLSHIT even if it comes from the Conservative News Network.

It has already been proven in this thread that the low LPR is due entirely to retiring Boomers.

Yeah, CNN is chock full of conservatism.......


A chunk of reality in the article from the Economic Policy Institute, another source of RW craziness:

Economist say there are several reasons for the decline, including the retirement of the baby boomers and fewer students who also work. But the main reason for its recent fall is a lack of good jobs.
"We know there's a lot of hardworking people that want to be productive, we just don't have work for them to do," said Heidi Shierholz, an economist at the Economic Policy Institute.
Schierholz said the labor force participation rate would be going down anyway as the baby boomers retire. But she said that since the recession, between two-thirds and three-quarters of the drop can be attributed to the lousy job market.
"We're operating way below potential," she said.

That's the truth, but feel free to keep playing enabler and making a fool of yourself.....

 

[driveby]

Horrible. Just horrible!

United States Unemployment Rate | Actual Data | Forecasts | Calendar

Basic math is your friend....

 

[edthecynic]

Here it is directly from the top RW nutters themselves CNN"


labor force participation at lowest level since 1978 - Sep. 6, 2013

It is still pure BULLSHIT even if it comes from the Conservative News Network.

It has already been proven in this thread that the low LPR is due entirely to retiring Boomers.

Yeah, CNN is chock full of conservatism.......

A chunk of reality in the article from the Economic Policy Institute, another source of RW craziness:

Economist say there are several reasons for the decline, including the retirement of the baby boomers and fewer students who also work. But the main reason for its recent fall is a lack of good jobs.
"We know there's a lot of hardworking people that want to be productive, we just don't have work for them to do," said Heidi Shierholz, an economist at the Economic Policy Institute.
Schierholz said the labor force participation rate would be going down anyway as the baby boomers retire. But she said that since the recession, between two-thirds and three-quarters of the drop can be attributed to the lousy job market.
"We're operating way below potential," she said.

That's the truth, but feel free to keep playing enabler and making a fool of yourself.....

Your bullshit is still bullshit no matter how many times you repeat the bullshit.

You have 2.5 million boomers retiring each year which accounts for between three-thirds and four-quaters of the drop in LPR.

 

[SteadyMercury]

So it is not really an unemployment rate at all. Rather it is a rate of people, who have the good fortune to be optimistic that they will find work, not being able to find any at all.

I don't believe they ask whether someone is optimistic, all you have to do is be looking for work.

So half of the unemployed think they will find work and try within a 30 day period.

Again you're making shit up as you go along. One does not need to think they will find work to be counted as unemployed in the U-3 numbers, they just have to be trying to find work.

If you submit only one application per month and think your odds are pretty shitty because nobody else has hired you in the last year you are counted as unemployed.

 

[edthecynic]

I believe it only reflects the number of people who are actively looking for work when they are surveyed. So if you are first asked a question like "Have you looked for work in the past month?" and then say No, you are not asked any more questions.

So it is not really an unemployment rate at all. Rather it is a rate of people, who have the good fortune to be optimistic that they will find work, not being able to find any at all. The U-6 rate that is published, but not publicized by anyone, has been hovering at around 13%. So half of the unemployed think they will find work and try within a 30 day period. The other half quite possibly have exhausted their options, or maybe are rethinking things, or re-training, and hoping something will come along later. Who knows. No one is bothering to ask these people any questions about themselves.

So we all remain in the dark. The Unemployment Rate is useless, and should not even be published. In fact, it probably shouldn't exist at all.

The U-6 rate includes people who are working and therefore would be equally worthless by your standard. There is a rate that includes the workers who are not "optimistic." It is the U-4 rate, now at 7.2%.